Lennar High Volume Day?

len New York, May 8th (TradersHuddle.com) - Unusual high volume detected on shares of Lennar Corporation (NYSE:LEN) early in the trading session. The pace in volume of Lennar points to a break above average, with buyers stepping in, as the stock is 0.89% higher.

Lennar Corporation (NYSE:LEN) builder of single-family attached and detached homes. The Company also provides mortgage financing, title insurance, closing services and other ancillary services.

Lennar has already traded 0.806 times its 3-month average volume and has calculated support and resistance at $24.30 and $30.08 respectively. Traders like to use volume as their lie detector for price action movement through predefined trading ranges.

The overall market index S&P 500 is trading lower by -1.4% from its previous trading close, which means that Lennar stock is outperforming the overall market.

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o Dow Jones 16,501.65 ▼12.72 (-0.08%)
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INDEXDJX:.DJI

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Company ID [INDEXDJX:.DJI] Last trade:16,501.65 Trade time:4:30PM EDT Value change:▼12.72 (-0.08%)
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Company ID [INDEXSP:.INX] Last trade:1,875.39 Trade time:4:30PM EDT Value change:▼4.16 (-0.22%)
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Company ID [INDEXNASDAQ:.IXIC] Last trade:4,126.97 Trade time:5:15PM EDT Value change:0.00 (0.00%)

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